Fiji Development Bank Appoints New CEO

The Fiji Development Bank (FDB) has announced the appointment of Mr. Filimone Waqabaca as its new Chief Executive Officer (CEO).

Mr. Waqabaca brings a wealth of experience in finance, economics, and leadership, having held key positions in both the public and private sectors. His appointment marks a significant step in strengthening FDB’s role in driving economic development in Fiji.

In a statement, the FDB Board highlighted Mr. Waqabaca’s expertise and vision for the institution.

“We are confident that Mr. Waqabaca’s leadership will enhance FDB’s commitment to providing innovative and sustainable financial solutions that support Fijian businesses and communities,” the Board said.

As CEO, Mr. Waqabaca will oversee the bank’s major initiatives, including efforts to empower small and medium enterprises (SMEs) and promote sustainable development projects. He is expected to play a pivotal role in steering the bank toward achieving its strategic objectives.

Mr. Waqabaca expressed his enthusiasm for the role, stating, “It is an honor to join the Fiji Development Bank at such a critical time. I look forward to working with the team to deliver financial solutions that foster growth, resilience, and sustainability for Fiji’s economy.”

The Fiji Development Bank continues to be a key player in Fiji’s development, providing financing for agriculture, tourism, renewable energy, and other vital sectors. Mr. Waqabaca’s leadership is expected to bring renewed focus and innovation to the institution’s mission.

This appointment reflects FDB’s commitment to building a resilient and inclusive financial sector for the benefit of all Fijians.

Source: Fiji Development Bank Official Page

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